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See how verdicts work2-bedroom flat · OL1 4GA
Listing removedListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY We have received an offer of £90,000. Any increased offers are to be received within 5 days of this notice. A fantastic opportunity to purchase a ground floor apartment in Waverley Court.
The apartment is located on the ground floor, and briefly comprises of entrance hallway, open plan kitchen / living room, two double bedrooms with the master benefitting from an en-suite, and bathroom with three piece suite.
Externally there is allocated parking.
HALLWAY 13' 5" x 9' 6" (4.10m x 2.90m) Neutral decor, carpet, radiator LIVING ROOM 19' 4" x 16' 0" (5.90m x 4.90m) Neutral decor, carpet, radiator, UPVC window, vertical blinds KITCHEN/DINER 10' 9" x 9' 6" (3.29m x 2.90m) Neutral decor, a range of wall and base units, Stainless steel sink, tiled floor, UPVC window and door, radiator BEDROOM ONE 15' 8" x 10' 10" (4.80m x 3.31m) Neutral decor, carpet, UPVC window, radiator ENSUITE 7' 10" x 4' 3" (2.40m x 1.30m) Neutral decor, partially tiled walls, white toilet and wash hand basin, shower cubicle, chrome towel rail / heater BEDROOM TWO 12' 1" x 8' 6" (3.70m x 2.60m) Neutral decor, carpet, UPVC window, radiator BATHROOM 7' 6" x 5' 11" (2.30m x 1.81m) Neutral decor, partially tiled walls, white three piece bathroom suite, UPVC window, radiator EXTERNAL Allocated parking.
LEASEHOLD INFORMATION Lease Start Date 19/12/2007 Lease End Date 01/01/3005 Lease Term 999 years from 1 January 2006 Lease Term Remaining 980 years Service charge: £2468.78pa.
RESERVATION FEE Should you be successful in your offer to purchase the property and in order to place the property "under offer", you may be required to complete a reservation agreement and pay a (refundable at completion) reservation fee, details available upon request.
MATERIAL INFORMATION No potentially flammable external wall cladding No adaptations have been made to improve accessibility however there is step free access into the building / apartment.
There are no restrictive covenants as far as the seller is aware. There are no public rights of way in the apartment. The construction type is brick. The property is located on a coalfield.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Waverley Court , Waverley Street, OL1 4GA
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